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Cape Lambert Resources Ltd

Cape Lambert Resources director buys one million shares on-market

The purchase demonstrates support for the company's copper-cobalt production strategy.

man with briefcase running up ascending share price arrow
The company also recently secured $7.5 million in financing

Cape Lambert Resources Ltd’s (ASX:CFE) non-executive director Stefan Muller has purchased one million shares in the company through on-market trades.

The former investment banker has increased his total shareholding in the company to three million shares.

Muller purchased the shares for 1.6 cents each.

READ: Cape Lambert Resources close to securing EPCF provider to build cobalt-copper project for free

Cape Lambert aims to fast-track its Kipushi Cobalt-Copper Tailings Project into production in the Democratic Republic of Congo.

Earlier this month, Cape Lambert took a step towards production with the strong possibility of securing an EPCF provider to fund and develop the project.

Quick facts: Cape Lambert Resources Ltd

Price: $0.01

Market: ASX
Market Cap: $7.21 m
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Cape Lambert seeing ‘extreme’ interest from potential offtakers for Kipushi...

Tony Sage, executive chairman for Cape Lambert Resources Ltd (ASX:CFE) speaks to Proactive Investors from Mines and Money Asia, where he says sentiment is buoyant on cobalt. The company recently acquired two synergistic cobalt copper tailings projects, in the Democratic Republic of Congo...

on 6/4/18

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